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How to Use the Rate.Trading Platform

The well-known Rate.am platform and IDBank announced a few days ago the launch of a new digital platform — the Rate.Trading platform, designed for fast, convenient, and profitable currency trading.

To use the platform, you need to:

  1. After registering on the Rate.Trading platform, click the "Synchronize" button;
  2. Choose between the "individual" or "legal entity" options according to your preference;
  3. You will be redirected to the corresponding platform — IDBanking.am or IDBusiness.am;
  4. Log in to your account on IDBanking.am or IDBusiness.am;
  5. Specify the trading accounts you want to link to the platform (If you do not have trading or bank accounts, the platform will offer to open them);
  6. Specify the bank accounts you want to link to the platform;
  7. Done. You are now synchronized and can start making transactions.

For transactions, special trading accounts in various currencies linked to the user's account are also required. During synchronization, IDBank’s trading accounts are automatically opened based on the customer’s application, ensuring high financial security and convenience. If you are already an IDBank customer, you can open an account online on IDBusiness.am (for legal entities) or on IDBanking.am (for individuals), or by visiting any branch of the Bank.

Thanks to a simple interface, fully digitized processes, and support from a leading digital bank, Rate.Trading becomes a convenient tool for those seeking the best currency trading rates and valuing their time.

The remote servicing fee for trading accounts is 0.1% of the transaction amount. This rate will be valid until December 31, 2025.

Currently, the platform allows transactions in nine of the most demanded currencies in the market — Armenian dram (AMD), US dollar (USD), euro (EUR), Russian ruble (RUB), UAE dirham (AED), British pound (GBP), Chinese yuan (CNY), Japanese yen (JPY), and Swiss franc (CHF).

IDBANK IS SUPERVISED BY THE CBA